AUDJPY - Bullish Bias
AUD - BULLISH
1️⃣ Traders are monitoring commodity as they rallied to some 10-year highs amid a rebound in the world’s largest economies.
2️⃣ Preliminary data showed that the seasonally adjusted estimate for total dwellings approved rose 17.4% on-month to the second-highest on record in March, far above market estimates of a 3% rise and after a downwardly revised 20.1% gain a month earlier.
3️⃣ Positive risk sentiment supported the antipodeans.
JPY - BEARISH
1️⃣ Rising US Treasury yields undermined the JPY.
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Technical
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We are looking to buy the AUDJPY at RBS + above SMA50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ Traders are monitoring commodity as they rallied to some 10-year highs amid a rebound in the world’s largest economies.
2️⃣ Preliminary data showed that the seasonally adjusted estimate for total dwellings approved rose 17.4% on-month to the second-highest on record in March, far above market estimates of a 3% rise and after a downwardly revised 20.1% gain a month earlier.
3️⃣ Positive risk sentiment supported the antipodeans.
JPY - BEARISH
1️⃣ Rising US Treasury yields undermined the JPY.
=====
Technical
=====
We are looking to buy the AUDJPY at RBS + above SMA50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active
@Monsun_AsiaTrade closed manually
✅ CLOSE MANUALLY AT 84.630+13 PIPS
Clear position ahead European closed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.